Form Nd-1fa - 3-Year Averaging Method For Elected Farm Income printable pdf download

Schedule

North Dakota Office of State Tax Commissioner

ND-1FA

2001

3-year averaging method for

elected farm income

Attach to Form ND-1

Your name as shown on Form ND-1

Your social security number

XXXXXXXXXXXXXXXXXXXXXXXX

XXX-XX-XXXX

See instructions on

Part 1 Current year's tax under 3-year income averaging method

back of this schedule.

US Dollars

North Dakota taxable income from Form ND-1, line 13

Elected farm income - see instructions

Subtract line 2 from line 1.

If less than zero, enter 0

Tax on the amount on line 3 from Tax Table on page 18 of Form ND-1 instructions

Enter the amount from Part 2,

1998 tax year

column, line 9

Enter the amount from Part 2,

1999 tax year

column, line 9

Enter the amount from Part 2,

2000 tax year

column, line 9

Add lines 4, 5, 6, and 7

Tax on the amount on line 1from Tax Table

on page 18 of Form ND-1 instructions

If line 8 is equal to or greater than line 9, stop here and do not attach this schedule to your Form ND-1.

You do not benefit from income averaging.

10.

If line 8 is less than line 9, enter the amount from line 8 on this

line and on your return as instructed below

(F1) 10

If a

full-year resident,

enter the amount from line 10 of this schedule on Form ND-1, line 14.

If a

full-year nonresident

part-year resident,

enter the amount from line 10 of this schedule on Schedule ND-1NR, line 21.

Part 2 Additional tax for 3 previous tax years

See instructions on

Complete lines 1 and 2 if you filed Form 37-S for the previous year. Complete lines 3

back of this schedule.

through 8 if you filed Form 37 for the previous year. All filers complete line 9.

1998

1999

2000

Form 37-S Filers only

tax year

Enter the federal income tax amount from 2001 Schedule J

(Form 1040) as instructed below

For 1998, enter the amount from line 8 less line 18.

For 1999, enter the amount from line 12 less line 19.

For 2000, enter the amount from line 16 less line 20.

Multiply line 1 by 14% (.14)

Form 37 Filers only

North Dakota taxable income from Form 37, Tax Computation Schedule, line 1

Divide the amount on line 2 of Part 1 above by three and enter the result

Add lines 3 and 4

Calculate the tax on the amount on line 5 using the Form 37

Tax Rate Table in the instructions on the back of this schedule

Enter the tax from Form 37, Tax Computation Schedule, line 2

Subtract line 7 from line 6

All Filers

Additional tax (Enter the amount from line 2 or line 8, whichever applies)

Enter this amount

in Part 1, line 5

in Part 1, line 6

in Part 1, line 7

For

Privacy Act

information - see inside front cover of Form ND-1 instruction booklet.

Form Nd-1fa - 3-Year Averaging Method For Elected Farm Income

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